New York Consumer Law Blog

Wednesday, November 27, 2019

Which Credit Score Do Lenders Actually Use?

Not much has changed over the years in terms of consumers' challenges in obtaining the same credit score that lenders obtain.  

 Here's an article from 2017 in Forbes highlighting the issue: https://www.forbes.com/sites/robertberger/2017/01/06/which-credit-score-do-lenders-actually-use/#25a206b30b15

Fair Isaac, for example, will sell you access to your FICO scores through its site myfico.com. In fact, it will give you access to "28 of the most widely used FICO® Score versions," for a fee of course. There's no guarantee, however, that a lender will use one of these scores. And if you got access to them a few months before applying for credit, they will likely have changed by the time the lender reviews your application.  


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